InvestorQ : How do you see Adani Transmission after the sharp spike in profits in Jun-20 quarter?
Rutuja Nigam made post

How do you see Adani Transmission after the sharp spike in profits in Jun-20 quarter?

Answer
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Arti Chavan answered.
1 month ago


Adani Transmission posted a 66.5% rise in net profits at Rs.355.4 crore for the Jun-20 quarter. However, the total revenues were a tad over 10% down at Rs.2543 crore for the Jun-20 quarter period. Due to the lockdown, its total sales of electricity in the Jun-20 quarter was over 20% down at just 1728 million units MU of electricity.

Being an essentially, the supply was not really impacted. However, due to the massive shutdown across industry, the high tension subscribers were not using and that led to a sharp fall in total usage during the month. The company's transmission lines were operating at a high utilization rate of 99.9%. To an extent, the lower demand from industrial and commercial consumers was offset by retail demand.